Indian businessman
Sanjiv Bajaj (born 2 November 1969) is an Indian billionaire businessman who currently serves as the Chairman and Managing Director of
Bajaj Finserv .
[1]
[2]
Early life and education
Born into the
Bajaj family , Sanjiv is the great-grandson of founder
Jamnalal Bajaj and the younger son of Bajaj Group chairman
Rahul Bajaj .
[3] He completed his education at a Swiss missionaries-run Catholic convent school.
[4] He then pursued his mechanical engineering degree from the
University of Pune , masters degree in manufacturing systems engineering from the
University of Warwick , and his management degree from
Harvard Business School .
[5]
[6]
[7]
Career
Bajaj began his career in 1994 with
Bajaj Auto .
[8]
[9] During his years at Bajaj Auto, he dabbled in various roles,
[10]
[11] including heading finance, legal, & international business functions within the organisation.
[12]
[13]
[14] He was credited with bringing American-style supply chain management to Bajaj Auto, using
General Motors as a model.
[15] In addition to adopting top management methods, he advocates for a
frugal business model
[16] and the "break to grow" philosophy.
[17] Currently, he is serving as the non-executive director of Bajaj Auto.
[18]
After Bajaj Auto's demerger in 2007, Bajaj took charge as the managing director of
Bajaj Finserv .
[19]
[20] Also, he took on additional roles like the chairman of
Bajaj Allianz Life Insurance and
Bajaj Allianz General Insurance , vice chairman of
Bajaj Finance , and managing director of Bajaj Holdings & Investment Limited in 2012.
[21]
Bajaj (4th from left) at
World Economic Forum Annual Meeting 2023 in
Davos ,
Switzerland
By 2017, under his leadership, Bajaj Allianz General Insurance became the 2nd most profitable insurance company in India.
[22] In the year 2023, he spearheaded the launch of Bajaj Finserv Mutual Fund into the Indian market.
[23]
Sanjiv was the deputy chairman of the
Confederation of Indian Industry (CII) Western Region for 2018-19.
[24] He was also elected as the chairman of the CII Western Region for 2019-20.
[25] For 2020-21, he was elected as the vice president of CII.
[26] In June 2021, he got elected as the President Designate of CII for 2021-22.
[27]
[28] and in May 2022, he took charge as the President of CII for 2022-23.
[29]
[30]
Currently, he is the chairman and managing director of
Bajaj Finserv .
[31]
[32]
[33] He was reappointed as managing director for five years in May 2022.
[34]
As a part of the
Confederation of Indian Industry 's B20 India Secretariat, Bajaj was appointed as one of the B20 India participants, a position in which he fulfilled a part of a group that led the business agenda during
India's G-20 presidency .
[35]
[36]
Controversies
In January 2022, Bajaj and his company's higher management were threatened by a hacker for a possible cyber security attack on his group companies.
[37]
Personal life
Sanjiv is married to Shefali Bajaj and has two kids.
[7]
Awards
References
^
"Lockdown diaries with Sanjiv Bajaj" . www.timesnownews.com . Retrieved 1 February 2021 .
^
"Rahul Bajaj to step down as Bajaj Finance chairperson, son Sanjiv Bajaj to take over" . Hindustan Times . 21 July 2020. Retrieved 1 February 2021 .
^ John, Nevin (12 September 2022).
" 'Hamara' Bajaj: The Secret Sauce" . Fortune India . Retrieved 30 September 2022 .
^ Raghunathan, Anu.
"All In The Family: Meet The 4th-Generation Scion Behind India's Bajaj Finserv" . Forbes . Retrieved 2 February 2023 .
^
Harvard Business School Bulletin . Harvard Business School. 2002.
^
"Sanjiv Bajaj" . World Economic Forum . Retrieved 1 February 2021 .
^
a
b
"Who is Sanjiv Bajaj? Meet Bajaj Finance Ltd's newly appointed Chairman" . Free Press Journal . Retrieved 1 February 2021 .
^
"Sanjiv Bajaj resigns as Executive Director of Bajaj Auto" . The Economic Times . Retrieved 1 February 2021 .
^
"Sanjiv Bajaj's next big move" . www.fortuneindia.com . Retrieved 1 February 2021 .
^ Jain, Apoorva; Thukral, Sonal; Paul, Justin (1 January 2022).
"Role of socioemotional wealth (SEW) in the internationalisation of family firms" . International Journal of Entrepreneurial Behavior & Research . 29 (1): 1–26.
doi :
10.1108/IJEBR-12-2021-0961 .
ISSN
1355-2554 .
S2CID
246767364 .
^ Ghoshal, Sumantra; Piramal, Gita; Budhiraja, Sudeep (2001).
World Class in India: A Casebook of Companies in Transformation . Penguin Books.
ISBN
978-0-14-100667-3 .
^ Rao, C. Appa; Rao, B. Parvathiswara; Sivaramakrishna, K. (2009).
Strategic Management and Business Policy . Excel Books India.
ISBN
978-81-7446-668-6 .
^ Sirkin, Harold L.; Hemerling, James W.; Bhattacharya, Arindam K. (26 April 2012).
Globality . Headline.
ISBN
978-0-7553-6238-7 .
^ Jain (FCA.), Rajesh (2006).
Chains that Liberate, Governance of Family Ties . Macmillan.
ISBN
978-1-4039-2869-6 .
^ Maheshwari, R.; Agarwal, Saurabh (17 August 2020).
Strategic Management: A publication of SBPD Publishing House (Sanjay Sahitya Bhawan) . SBPD Publishing House.
ISBN
978-93-5047-656-7 .
^ Nair, Geeta (7 August 2023).
"Access to capital easy, but there is a dark side to private equity: Sanjiv Bajaj" .
The Financial Express (India) . Retrieved 13 February 2024 .
^ Bhattacharya, Arindam; Buerkner, Hans-Paul.
"Why your company's culture needs a 'fractal redesign' " .
Fortune . Retrieved 8 March 2024 .
^
"Sanjiv Bajaj resigns as Executive Director of Bajaj Auto" . Zee News . 28 March 2012. Retrieved 1 February 2021 .
^
"How Sanjiv Bajaj Turned Bajaj Finserv Into A Financial Powerhouse" . Forbes India . Retrieved 1 February 2021 .
^
"In five years, Sanjiv Bajaj comes into his own- Business News" . www.businesstoday.in . Retrieved 1 February 2021 .
^
"Rahul Bajaj steps down as Bajaj Finance Chairman; son Sanjiv to take over" . Free Press Journal . Retrieved 1 February 2021 .
^
Taknet, D. K. ; IntegralDMS (22 July 2016).
The Marwari Heritage . IntegralDMS.
ISBN
978-1-942322-06-1 .
^ Buch, Himadri; Shah, Ami.
"Bajaj Finserv is now the 43rd player in mutual funds space. Its task is to leave the crowd behind" . The Economic Times .
ISSN
0013-0389 . Retrieved 28 June 2023 .
^ Pandey, Piyush (29 March 2019).
"Sanjiv Bajaj elected as chairman of CII, Western Region for 2019-20" . The Hindu .
ISSN
0971-751X . Retrieved 1 February 2021 .
^ Pandey, Piyush (29 March 2019).
"Sanjiv Bajaj elected as chairman of CII, Western Region for 2019-20" . The Hindu .
ISSN
0971-751X . Retrieved 1 February 2024 .
^
"CII" . www.cii.in . Retrieved 1 February 2021 .
^
"CII elects TV Narendran as new President, Sanjiv Bajaj as President-designate" . www.cnbctv18.com . 31 May 2021. Retrieved 27 July 2021 .
^
"Sanjiv Bajaj takes over as CII prez" . timesofindia.indiatimes.com . Retrieved 13 May 2022 .
^
"Sanjiv Bajaj takes charge as president of CII" . www.livemint.com . Retrieved 13 May 2022 .
^
"Sanjiv Bajaj elected as CII president" . www.thehindubusinessline.com . Retrieved 13 May 2022 .
^
"Rahul Bajaj To Step Down As Chairman Of Bajaj Finance" . NDTV.com . Retrieved 1 February 2021 .
^
"Rahul Bajaj: Corona hits Bajaj Finance, Sanjiv to replace Rahul Bajaj as chairman | India Business News - Times of India" . The Times of India . TNN. 22 July 2020. Retrieved 1 February 2021 .
^ Lele, Abhijit (22 July 2020).
"Rahul Bajaj steps down as Bajaj Finance's chairman, son Sanjiv to take over" . Business Standard India . Retrieved 1 February 2021 .
^
"Bajaj Finserv reappoints Sanjiv Bajaj as MD for 5 more years" . Business Today . Retrieved 12 April 2022 .
^
"B20 India - Governance" . www.b20india2023.org . Retrieved 16 March 2023 .
^
"Tata Sons' N Chandrasekaran appointed Chair of B20 India" . The Economic Times . 7 December 2022.
ISSN
0013-0389 . Retrieved 16 March 2023 .
^
"Pune: Bajaj Finserv MD, three other officials receive threat mails; FIR lodged" . The Indian Express . 11 January 2022. Retrieved 30 September 2022 .
^
"5th Asia Business Responsibility Summit" (PDF) . Asian Centre for Corporate Governance and Sustainability . 10 September 2018.
^
"Who is Sanjiv Bajaj: The Chairman and MD of Bajaj Finserv and son of Rahul Bajaj; know about this business scion and his net worth" .
The Financial Express (India) . 1 October 2023. Retrieved 13 February 2024 .
^
"Who is Sanjiv Bajaj: The Chairman and MD of Bajaj Finserv and son of Rahul Bajaj; know about this business scion and his net worth" . Financialexpress . 1 October 2023. Retrieved 8 March 2024 .
^
"Sanjiv Bajaj – Chairman and Managing Director, Bajaj Finserv" . www.ey.com . Retrieved 8 March 2024 .
^
"Sanjiv Bajaj is 2017's EY Entrepreneur of the Year" . @businessline . Retrieved 2 February 2021 .
^
"Sanjiv Bajaj: Sanjiv Bajaj is EY Entrepreneur of the Year 2017 - Times of India" . The Times of India . TNN. 16 February 2018. Retrieved 2 February 2021 .
^ Team, BS Web (16 February 2018).
"Sanjiv Bajaj, MD, Bajaj Finserv is EY Entrepreneur Of the Year 2017" . Business Standard India . Retrieved 1 February 2021 .
^
"ET Awards 2018 for Business Leader of the Year: Sanjiv Bajaj, Managing Director, Bajaj Finserv" . The Economic Times . Retrieved 1 February 2021 .
^
"Current Affairs 09 April 2019 Digest 5: AIMA Awards 2019; world's first gene edited Lizard" . Jagranjosh.com . 9 April 2019. Retrieved 1 February 2021 .
^
"FE Best Bank Awards: Know who are the winners in different categories" . The Financial Express . 26 September 2019. Retrieved 1 February 2021 .
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